Get Your Team Thinking Like Entrepreneurs

Teams in large organizations can easily get tangled in bureaucracy. It takes a long time to execute on projects when waiting for approvals and gathering resources. But, you can get around this by helping your team members think and act like entrepreneurs. Try doing the following: Experiment. Challenge one or two people on your team to [...]

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By Sid Talwar No job in the world fully prepares you to be an entrepreneur. It’s a roller-coaster ride that tests every ounce of your being. The only thing most first-time entrepreneurs can bring to the table are their own life experiences. And, for some, their professional experiences. I’d like to believe some jobs can help in ways no other job can — if only because they can provide a unique lens into the journey.

NEW DELHI | MUMBAI | BENGALURU: Fed up with builders not completing projects on time, some home buyers are taking matters into their own hands. They are bypassing litigation and finding ways to finish their projects instead, with or without the builder. After waiting almost 10 years, 83 people who invested in Media Majestic Towers in Kaushambi area of Ghaziabad near New Delhi brought in a third-party contractor to finish the two-tower project, which had been hampered by the death of the builder and a default by the company on a loan.

NEW DELHI: Looking to push Indian Railways as an engine of growth for the economy, Ministry of Railways has expedited implementation of some key projects announced during this year's Rail Budget. "Ministry of Railways included 77 doubling, 4 new line and 1 gauge conversion projects in Railway Budget 2015-16. The projects were included primarily with a viewpoint to create additional carrying capacity. Fast tracking of these projects was need of the hour so as to reap benefits of the projects as soon as possible," the ministry said in a press release.

There was a day in 2007 when Boston Beer Company founder Jim Koch and a team of his employees had just finished painting a local community center, but instead of feeling fulfilled, he felt like he had just wasted everybody's time.

How they achieve this depends on factors such geography, sector product and customer base. There are several golden rules that should be considered, such as having long-term strategic growth plans in place, increasing recurring revenue and creating barriers to market.

Advaith Mohan's career at Flipkart went by in a whizz. He joined the company's Flyte digital music unit after graduating from IIT-Madras in June 2012. Flyte was shuttered six months after and Mohan moved to work with the digital marketing team. Two years later, at 23, he was heading a four-member search engine marketing team. "There was a hunger in people (at Flipkart) to learn more, much faster. There wasn't anyone who was just comfortable with the status quo," reminisces Mohan, now 26 and co-founder of Wagr, a startup making wearables for dogs to make dog-parenting easier.

NEW DELHI | MUMBAI | BENGALURU: Fed up with builders not completing projects on time, some home buyers are taking matters into their own hands. They are bypassing litigation and finding ways to finish their projects instead, with or without the builder. After waiting almost 10 years, 83 people who invested in Media Majestic Towers in Kaushambi area of Ghaziabad near New Delhi brought in a third-party contractor to finish the two-tower project, which had been hampered by the death of the builder and a default by the company on a loan.

NEW DELHI: It's a dichotomy that even bankers are unable to understand. Call centres at India's largest mortgage lender HDFC have been getting numerous calls enquiring about home loans and properties, but most are not taking the final plunge. "Most people are still waiting for home prices to come down further. Also, this whole wait-and-watch on interest rates is difficult to understand," says Renu Sud Karnad, the managing director of HDFC, pointing out that many consumers feel that if interest comes down, property prices will also come down.

Time Magazine recently wrote that Google has "perfected" the Silicon Valley acquisition, in part because it has become so good at retaining talent. Time found that two-thirds of the 221 startup founders that accepted jobs at Google between 2006 and 2014 are still with the company today.

That’s why Emma Jones, Enterprise Nation founder and StartUp Britain co-founder, has announced details of a seven-date UK tour with StartUp Saturday – a day-long event to create the UK’s entrepreneurial ‘rock stars’ of the future.
In the context of a dramatic increase in the number of people looking to turn their talent or idea into money-spinning business, StartUp Saturday will play to audiences in Manchester, Liverpool, Birmingham, Belfast, Edinburgh, Newcastle and London, giving them the tools and encouragement to start-up.